This property looks like a bad Mid-Term investment with a projected -3.92% first-year return on $122k initial cash invested.
-3.92%
Cash On Cash
5.98%
Cap Rate
0.91
DSCR
$4,125
Rent
-$398
Cashflow
Cash Flow
$4,125 income − $4,523 expenses = $398 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,000
Closing costs
1%
$4,950
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,125
Total Expenses
$4,523
Mortgage P&I
65%
$2,701
Property Taxes
6%
$246
Home Insurance
4%
$173
HOA
0%
$0
Property Management
12%
$495
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454